By Sarah Lizee
Olympia, Wash., Sept. 2 – JPMorgan Chase Financial Co. LLC priced $2.87 million of 0% autocallable buffered return enhanced notes due Sept. 6, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 10% call return if each index closes above its initial level on Sept. 7, 2021.
If each index finishes above its initial level, the payout at maturity will be par plus 1.75 times the gain of the worse performing index.
Investors will receive par if each index falls by up to 10% and will lose 1% for every 1% decline of the worse performing index beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered return enhanced notes
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $2,868,000
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| Maturity: | Aug. 6, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus a 10% call return if each index closes above its initial level on Sept. 7, 2021
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.75 times the gain of the worse performing index; par if each index falls by up to 10%; 1% loss for every 1% decline of the worse performing index beyond the buffer
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| Initial levels: | 3,500.31 for S&P, 1,561.876 for Russell
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| Buffer levels: | 90% of initial level
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.32%
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| Cusip: | 48132MZB0
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